One source from the players side issued an 'ominous warning' to ESPN's Marc Stein about the latest proposal from the owners.

"Nothing was addressed," said the source. "It's same offer as it was before."

The source expects the offer to be rejected.

Marc Berman of the New York Post reports that Billy Hunter told him that there was very little difference in the new deal.

One union source gave Newsday's Alan Hahn an even bleaker picture about the offer.

"It may have gotten worse. It's debatable."